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The following table presents the long-term liabilities and stockholders equity of Information Control Corp. one year ago. Long-term debt $ 66,700,000 Preferred stock 4,170,000 Common stock

The following table presents the long-term liabilities andstockholders’ equity of Information Control Corp. one year ago.

     
Long-term debt $ 66,700,000
Preferred stock   4,170,000
Common stock ($1 parvalue)   16,700,000
Capital surplus   46,700,000
Accumulated retainedearnings   136,700,000
 

During the past year, Information Control issued 11.7 millionshares of new stock at a total price of $61.4 million, and issued$36.7 million in new long-term debt. The company generated $12.4million in net income and paid $3.7 million in dividends.

 

Prepare the current balance sheet reflecting the changes thatoccurred at Information Control Corp. during the year. (Donot round intermediate calculations. Enter your answers in dollars,not millions of dollars (e.g., 1,234,567).)

 

 

CONTROL CORP.
Current Balance Sheet
   

Long-term debt

 
Total long-term debt  
Shareholders'equity  

Preferred Stock

Common stock

Capital surplus

 
Accumulated retainedearnings  
   
   
   
Totalequity  
   
Total Liabilities& Equity

Aug 16 2021 View more View Less

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